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The Macro ICT indicator, a tool in the MetaTrader 5 indicators, is a powerful and advanced tool for traders seeking to precisely identify areas of Accumulation and Expansion in financial markets.
This indicator automatically shows key market structure changes to traders using macroeconomic analysis techniques at specific times of the day; these factors include economic policies, interest rates, inflation, and global events that can influence market trends.
Indicator Specifications
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Indicator Categories:
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Smart Money MT5 Indicators
Liquidity Indicators MT5 Indicators
ICT MT5 Indicators
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Platforms:
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MetaTrader 5 Indicators
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Trading Skills:
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Advanced
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Indicator Types:
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Leading MT5 Indicators
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Timeframe:
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M1-M5 Timeframe MT5 Indicators
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Trading Style:
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Scalper MT5 Indicators
Fast Scalper MT5 Indicators
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Trading Instruments:
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Forex MT5 Indicators
Crypto MT5 Indicators
Forward MT5 Indicators
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Overview of the Indicator
The Macro ICT guide refers to a macro concept in financial market analysis, addressing and analyzing the factors that affect economic movements and behavior. The macro indicator helps traders identify key patterns and changes to make better decisions aligned with their strategy.
Specifically designed for scalping traders seeking quick and short-term price trend opportunities, the Macro ICT indicator offers valuable insights.
Macro ICT in an Uptrend
In the 5-minute USD/CHF currency pair chart, the indicator marks macro zones and represents the "Expansion" macro in turquoise and the "Manipulation" macro in blue. After a Change of Character (CHoCH) and a breakout, the price continues upward, creating a buying opportunity for traders.
Macro ICT in a Downtrend
As shown in the image, on the 5-minute chart of Bitcoin, the price undergoes a Change of Character (CHoCH) during the expansion macro and causes a price decline. Traders can place their stop loss ahead of these zones with the necessary confirmations and confidently enter a sell trade.
Indicator Settings
- Color theme chart and object: Chart color display;
- Let London Macro 1 be on the chart: London Macro 1 on the chart;
- London Macro 1: London Macro 1 time 02:33-03:00;
- Let London Macro 2 be on the chart: London Macro 2 on the chart;
- London macro 2: 04:03-04:30;
- Let New York Macro 1 be on the chart: New York Macro 1 on the chart;
- New York macro 1: 08:50-09:10;
- Let New York Macro 2 be on the chart: New York Macro 2 on the chart;
- New York macro 2: 09:50-10:10;
- Let New York Macro 3 be on the chart: New York Macro 3 on the chart;
- New York macro 3: 10:50-11:10;
- Let New York Macro 4 be on the chart: New York Macro 4 on the chart;
- New York macro 4: 11:50-12:10;
- Let New York Macro 5 be on the chart: New York Macro 5 on the chart;
- New York macro 5: 13:10-13:40;
- Days to look back: Number of past days displayed (default setting is 3 days);
- Show the text: Macro type text;
- Backtest time difference: Time difference in backtesting (default 7200).
Conclusion
The Macro ICT indicator is a powerful tool for identifying accumulation and expansion zones in financial markets. This indicator helps analysts recognize macro market changes in short time frames.
With flexible settings, Macro ICT provides better trading opportunities. This tool assists scalping traders in making more confident decisions.
Which time frames are suitable for this indicator?
This indicator is effective in short time frames like 1 minute and 5 minutes.
What is the Macro ICT indicator?
The Macro ICT (Macro ICT) indicator is a tool that helps traders identify accumulation and expansion zones in financial markets.
Good day can you please repost the mt5 macros indicator as the one available is mt4....Thank you for your great work